Taiwan's Kuo Jyh-huei to Assist Firms Relocate from China Amid Trump Tariff Threats

Nov 7, 2024, 11:10 AM

Taiwan's Economy Minister Kuo Jyh-huei announced that the government will assist Taiwanese companies in relocating production from China in response to the anticipated tariffs that incoming U.S. President Donald Trump has pledged to impose. This initiative aims to mitigate the potential adverse effects on Taiwanese firms due to these tariffs. The move underscores Taiwan's proactive stance in supporting its businesses amidst changing trade dynamics, particularly as Trump’s tariff threats could significantly impact trade relations between the U.S. and China.